After a busy weekend overseas in Europe, President Trump joined European Commission President Ursula von der Leyen to announce “the biggest of all [trade] deals” with the European Union (EU).

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From The Daily Wire:

As part of the deal, per Trump’s description, the EU will purchase $750 billion worth of energy from the United States, agree to invest $600 billion more than the bloc is already investing, open up its countries up to trade with America, and buy a “vast amount” of military equipment.

Trump also noted the tariffs for automobiles and other EU imports will be a “straight across” rate of 15%. However, he said the 50% levies on steel and aluminum for U.S. trade partners would remain in effect.

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“It’s the biggest of all the deals,” Trump declared.

You can view President Trump’s comments below:

.@POTUS announces a landmark trade deal with the European Union: “I think it’s the biggest deal ever made.” pic.twitter.com/HqVK2yCTti

— Rapid Response 47 (@RapidResponse47) July 27, 2025

Since the President’s announcement of sweeping tariffs on April’s “Liberation Day,” countless nations have come to the negotiating table. The EU had approved retaliatory tariffs in response to President Trump’s tariffs, though President Von der Leyen signaled early on that she was open to negotiations.

The Daily Wire reports that President Trump had originally threatened the EU with a “penalty of 30% on imports” if a trade deal was not reached by August 1. But, as President Von der Leyen noted, the “tough” negotiations will help “business on both sides of the Atlantic.”

You can view President Von der Leyen’s comments below:

.@vonderleyen: “We have a trade deal between the two largest economies in the world — and it’s a big deal. It’s a huge deal.” pic.twitter.com/vuDZdRjPPJ

— Rapid Response 47 (@RapidResponse47) July 27, 2025

This deal is an answer to our prayers. Let’s pray for President Trump as he continues to negotiate with leaders around the world!

What do you think of this trade deal? Share your thoughts, prayers, and scriptures below.

(Excerpt from The Daily Wire. Photo Credit: BRENDAN SMIALOWSKI/AFP via Getty Images)